Some Background Information on Dashboards (Part 2)

Business Intelligence software such as dashboards were developed to help the executives of large organisations interpret the masses of data generated by their operations on a near constant basis. The better and more effective the dashboard, the more informed the users and therefore the better placed they were to make judgement-based decisions.

At the current time, dashboards are graphic and integrated representations of the various figures and performance indicators of a given enterprise. They can be grouped into two categories, data-based and model-based. Data-based dashboards are directed more towards relaying and interpreting data from databases, data warehouses and OLAP programs, while model-based dashboards are designed to analyse using a set of rules, algorithms, forecasting, decision trees and simulations.

In the current business climate, it is more important than ever for decision makers to be as informed as possible when it comes to the performance and status of each aspect of a large organisation. In order to make an informed decision elements such as forecasts, performance metrics and current trends need to be taken into consideration. A competent and well developed dashboard application can provide all of these features.

Excel Dashboard


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